Producer Prices in Eurozone
Eurozone - Producer Prices
Inflation drops to nearly three-year low in September
Complete data revealed harmonized inflation fell to 0.8% in September, down from August’s 1.0% and a notch below the preliminary estimate. The result marked the lowest reading since November 2016. Inflation sits sizably below the European Central Bank’s target rate of near, but under, 2.0%. The reading was chiefly due to a drop-in energy prices and reduced food, alcohol and tobacco price pressures.
Annual average harmonized inflation inched down to 1.4% in September, from August’s 1.5%. Core inflation, meanwhile, edged up to 1.2% from the previous month’s 1.1%. On a monthly basis, harmonized consumer prices rose 0.2% in September, above July’s 0.1% increase.
Among the countries in the common-currency bloc, Cyprus and Portugal experienced dropping harmonized prices on an annual basis. On the flipside, the Netherlands (2.7%) and Slovakia (3.1%) recorded the highest inflation. Regarding the largest economies in the Eurozone, inflation fell across the board.
FocusEconomics Consensus Forecast participants see inflation in the Euro area averaging 1.3% in 2020. For 2021, panelists expect inflation to average 1.5%.
Eurozone - Producer Prices Data
|Inflation (PPI, annual variation in %)||-0.1||-1.5||-2.6||-2.1||3.0|
5 years of economic forecasts for more than 30 economic indicators.
Eurozone Producer Prices Chart
|Exchange Rate||1.10||0.65 %||Sep 04|
|Stock Market||1,175||-0.52 %||Sep 04|
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October 16, 2019
Complete data revealed harmonized inflation fell to 0.8% in September, down from August’s 1.0% and a notch below the preliminary estimate.
October 14, 2019
Industrial output returned to growth in August, contrasting two months of contractions.
October 1, 2019
According to a preliminary estimate released by Eurostat on 1 October, harmonized inflation inched down to 0.9% in September from August’s 1.0%, printing the lowest reading in close to three years.
September 30, 2019
Labor market conditions in the common currency bloc tightened in August, according to data released by Eurostat.
September 24, 2019
Sentiment in the Eurozone dropped sharply in September, reversing August’s marginal gains.